South African banks advised to support financial healing|News Ghana

FILE PHOTO: The buildings with the logos of three of South Africa
SUBMIT PICTURE: The structures with the logo designs of 3 of South Africa’s greatest banks, ABSA, Standard Bank and First National Bank (FNB) are seen versus the city horizon in Cape Town, South Africa, September 3, 2017. REUTERS/Mike Hutchings/File Photo

South African banks have an important function to play in the nation’s healing by supporting the little and medium sized companies which are engines of financial development and work production, stated First National Bank (FNB) on Thursday.

“This pandemic has reminded all of us and especially within the business banking sphere, that we are not in this industry to merely be product providers,” stated Zak Sivalingum, FNB industrial local director.

“Therefore, while our offering is built on an extensive range of compelling working capital, trade finance, commercial property and asset finance solutions, these ultimately exist to allow us to give effect to our purpose – which is to help build, and currently rebuild, our country through strong client partnerships underpinned by innovative funding structures and solid, appropriate advice,” he stated.

Sivalingum stated the banks need to comprehend the requirements of their clients and help them appropriately when evaluating the danger.

“COVID-19 has served, or at least should serve, as something of a wake-up call for bankers about the real reason they do what they do,” he included. Enditem

South African banks advised to support financial healing|News Ghana.